Virgin Media O2 to slash as much as 2,000 jobs by finish of 12 months

British cell operator Virgin Media O2 has introduced plans to put off as much as 2,000 staff by the tip of the 12 months.

The telecoms large reportedly began at hand some employees redundancy notices on Monday night time.

The job cuts, which embrace some organisational modifications that had been beforehand revealed to staff, will quantity to greater than a tenth of the cell operator’s workforce.

A Virgin Media O2 spokesperson stated: “As we proceed to combine and rework as an organization, we’re presently consulting on proposals to simplify our working mannequin to raised ship for purchasers, which is able to see a discount in some roles this 12 months.

“Whereas we all know any interval of change might be tough, we’re dedicated to supporting all of our folks and are working carefully with the CWU and Prospect together with our inside worker representatives as we’ve got open and sincere conversations on the long run route of our enterprise.”​

It follows 55,000 roles being lower by rival BT Group again in Might.

When outlining annual outcomes, BT stated it noticed its “whole labour useful resource” being lowered from 130,000 to between 75,000 and 90,000 by the tip of the last decade underneath a “rolling plan”.

Chief government Philip Jansen instructed buyers he anticipated that AI know-how would change round 10,000 roles.

Virgin Media O2 was created after a three way partnership between US-listed Liberty Group and Spain’s Telefonica in 2020.

Earlier this month, Ofcom opened a probe into the corporate following complaints that the cell operator was making it exhausting for purchasers to cancel providers.

The Liberty Group additionally holds 5% in Vodafone, which additionally plans to slash 11,000 jobs around the globe throughout three years.

It comes as the corporate initiatives a $1.6bn (£1.2bn) drop in annual free money movement.